SoldMay 18, 2021

Listed and Bought with Ralph Harvey from ListWithFreedom.com Inc

Source: Coastal Carolina Association of REALTORS #2101698

505 28th Ave S, North Myrtle Beach, SC, 29582

$247,500

1100 sq. ft.

Duplex

30+ days on the market

Sold: May 18, 2021

What's around 505 28th Ave S

About this property

Charming Beach Cottage duplex just steps to the ocean and beach. Both units (2 bedroom and 1 bath) were remodeled two years ago and are fully rented with great long term tenants in place, currently leased month to month. Low maintenance property and very easy to manage. Property feels private sitting back from the road with large beautiful oak trees and a greenbelt to the rear. Each side has their own private fenced yard. NO HOA and property is NOT in a designated flood zone. Looking for a great return on your investment? Check out this property with a CAP of nearly 7% (annual net return). This property is a perfect turn key investment for investors with it's low maintenance. If you are a a homebuyer, you can take advantage of the low down payment, rental income helps to qualify for a loan, low interest rates and local tax breaks for owner occupied. Live in one side and rent the other! Property could also work as a short term vacation rental. Take advantage of the low interest rates and great financing terms out there to get a great return on your investment.

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